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๐Ÿ’ต eBTC/wBTC Incentivized Liquidity Pool
๐Ÿ’ต eBTC/wBTC Incentivized Liquidity Pool

eBTC's newly incentivized LP, in collaboration with MERKL.

hyment avatar
Written by hyment
Updated over a week ago

Introducing the new eBTC/wBTC Incentivized LP

We're thrilled to announce the launch of our new eBTC/wBTC Incentivized Liquidity Pool on Uniswap V3, in partnership with MERKL! ๐Ÿš€

๐Ÿ” What exactly is Merkl?

Merkl is a rewards distribution platform tailored for UniV3 pools, enhancing LPs by managing incentives. It relies on a novel approach where liquidity providers are rewarded based on the usage of their liquidity. It doesn't introduce any additional risk as funds stay on the AMMs.

Here's what you need to know to seize this opportunity.

๐Ÿ“š How It Works: Simply provide liquidity in the eBTC/wBTC Uniswap V3 pool to start generating fees and qualifying for rewards. There is no need to stake LP tokens to receive incentives through Merkl.

Need some help? There's a step-by-step guide at the end of the article.

๐Ÿ† Maximize Your Returns: This pool is powered by $BADGER tokens, offering you a fantastic opportunity to maximize your Bitcoin yield in DeFi. To qualify for these rewards, ensure your liquidity is in the active range generating fees.

โฐ Act Now: Don't miss out on this chance to earn a juicy yield on a BTC only pool. Dive into the action now and unlock the full potential of your assets!

Here is a helpful dashboard featuring key statistics for the eBTC/wBTC pool:

๐Ÿ“˜ Step-by-Step Guide on How to Get in the Pool

  1. Navigate to Uniswap V3: Visit the Uniswap V3 platform and locate the eBTC/wBTC liquidity pool.

  2. Connect Your Wallet: Utilize the wallet connection feature located in the top right corner of the screen. Ensure you're connected to the Ethereum Mainnet network.

  3. Set Price Range: Define the price range within which you wish to provide liquidity. If the price moves out of your set range, then your liquidity position will be concentrated into one of the two assets and not earn fees.

    Note: In order to qualify for Merkl's rewards ensure your liquidity is in the active range generating fees.

    To add liquidity over the full range in Uniswap v3 select the โ€˜Full Rangeโ€™ icon. This will set your minimum price to 0 and your maximum price to infinity.

  4. Choose Token Amounts: Determine the amount of eBTC and wBTC you wish to contribute, or simply select "Max" for the maximum token amount.

  5. Approve Transaction: Click "Approve" and authorize the usage of your tokens for liquidity provision in your wallet. Note that this transaction incurs network costs.

  6. Preview and Confirm: Review the details of your liquidity position and click "Add" to proceed. Confirm the transaction in your wallet, bearing in mind the associated network costs.

  7. Monitor Transaction: Track the progress of your transaction by selecting "View on Etherscan," or simply close the window if not needed.

    There is no need to stake LP tokens to receive incentives through Merkl.

Congratulations! You're all set to begin earning rewards. You can claim them directly from Merkl's app, with distributions occurring every 8 hours.

โ“ If you find yourself in need of additional assistance along your eBTC journey, feel free to explore our Support Help Center or directly contact us. We're here to address any questions or concerns you may encounter within the eBTC ecosystem. Just click the chat button at the bottom right-hand corner of the screen and send our support team a message.

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